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    618 Robinson Dr Robinson, TX 76706
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    618 Robinson Dr Robinson, TX 76706

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    • Commercial land
    For Sale
    $435,000
    View Listing →
    Highway Frontage Commercial Land For Sale
    $435,000

    Highway Frontage Commercial Land

    Commercial land with highway frontage near major routes.

    618 Robinson Dr, Robinson, TX 76706
    View Listing
    Property ID
    US82-2233869
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 618 Robinson Dr

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Two driveways and approx. 140 feet of highway frontage Less than a mile to Hwy 6 Less than 3 miles to I-35 VPD 2022: 28,118 Nearby neighbors include O’ Reilly Auto Parts, Dollar Tree, Tuscany Tans, Educators Credit Union, Launch Pad Espresso, Sonic, Shipleys, and more!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Robinson
    County
    McLennan
    State
    Texas
    Longitude
    -97.1220248
    Latitude
    31.4853273

    Comparable in this City

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      55.00 Acres

      Waco Land with Highway Frontage

      55 acres in Robinson, TX, with I-35 frontage.
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      Unaltered Land in Robinson, Texas

      Rare survivor property ready for multiple commercial uses.
      420 Saffle Rd, Robinson, TX 76706
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    • $599,999
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      Commercial Land on Highway 77

      2.25-acre commercial development opportunity with highway frontage in Robinson, TX.
      519 N Robinson Dr, Robinson, TX 76706
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    • $325,000
      3.08 Acres

      Undeveloped Land in Waco, Texas

      Over three acres of unimproved land ready for development.
      Tbd O'campo Ave, Waco, TX 76706
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    • $200,000
      1.50 Acres

      Waco, TX Improved Land

      1.5 acre commercial land for sale in Waco, TX.
      4111 S 3Rd St, Waco, TX 76706
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    Similar Nearby for Sale

    • $5,400,000
      55.00 Acres

      Waco Land with Highway Frontage

      55 acres in Robinson, TX, with I-35 frontage.
      I35 N Hwy, Waco, TX 76706
      View Details
    • Contact for pricing

      Unaltered Land in Robinson, Texas

      Rare survivor property ready for multiple commercial uses.
      420 Saffle Rd, Robinson, TX 76706
      View Details
    • $599,999
      1.96 Acres

      Commercial Land on Highway 77

      2.25-acre commercial development opportunity with highway frontage in Robinson, TX.
      519 N Robinson Dr, Robinson, TX 76706
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      IH-35 Development Land Opportunity

      256.24 acres of development land on IH-35 in Waco.
      256.24 Acres On Ih 35 & Hwy 6, Waco, TX 76706
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    • Contact for pricing

      Prime Development Site in Robinson

      Commercial land with high traffic frontage in growing Robinson, Texas.
      711 S Robinson Dr, Robinson, TX 76706
      View Details
    • $315,000

      Industrial Land in Waco Heart

      3.66 Acres of industrial land in the heart of Waco.
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    Similar Nearby for Lease

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      Waco Commercial Ground Lease Opportunity

      Commercial land for lease in Waco, Texas, zoned C-2.
      Waco Tx, Waco, TX 76706
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      Downtown Waco Retail Spaces

      Retail spaces available in the Riverfront Development, Downtown Waco.
      600 S University Parks Dr, Waco, TX 76706
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      I-35 Frontage Road Pads

      Two commercial land pads available for ground lease.
      1110 S 9Th St, Waco, TX 76706
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    • $105,000
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      Prime Retail Pad Site Available

      Retail pad site near Baylor and Magnolia Silos for lease.
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    • $10 SF/Yr
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      Office Space with Dock High

      Climate-controlled office space with dock high and ample parking.
      3700 Interstate 35 S, Waco, TX 76706
      View Details
    View Listing
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    618 Robinson Dr
    Robinson, TX 76706
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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